He also said that Funding Circle is eyeing further international expansion.

“We’re in four markets [UK, Germany, the US and the Netherlands] and we’d like to enter more,” Desai said.

“Everyone else has taken the approach of doing lots of different products in one market; we do the same product but in lots of different countries. Ours is a better model because you get huge synergies on the investor side – if they trust you in one market, they are willing to invest in others.”